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Financial and Economic Dictionary

A collaborative initiative uniting 11 partners from the government sector, this dictionary is built to serve as a unified reference and vital knowledge hub for specialists and enthusiasts alike. It aims to enhance financial literacy, support the Kingdom's development process in light of Saudi Vision 2030, at a time when terminology is no longer just a linguistic tool, but have become pillars of knowledge on which policies are built, legislation is formulated, and dialogue between specialists, decision-makers and relevant authorities in the financial sector is managed.

Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
أ ب ت ث ج ح خ د ذ ر ز س ش ص ض ط ظ ع غ ف ق ك ل م ن ه و ي

Most searched terms

Secured loan

A loan that requires collateral, such as a house or car, to secure the debt.

Coupons

Periodic interest payments made to bondholders by the issuer of a bond. They are a fixed percentage of the bond's face value and are paid at specified intervals.

Ability to Repay

A metric used to evaluate a borrower's capacity to meet debt obligations based on income and liabilities.

Appointment Decision

A decision issued by government body to hire an employee.

Section

It is represented by three digits of the entity code, which identifies the name of the main department in the entity.

Affiliate Department

It represents the last three digits of the entity code representing the name of the department that falls under a specific department in the entity.

Sector

The main sector of the entity, for example: the health sector, the education sector, etc.

Economic Sector

Different areas of the economy (primary, secondary, tertiary) based on the nature of the goods and services produced (e.g., agriculture, manufacturing, services).

Private Sector

The part of the economy that consists of privately- owned businesses, non-governmental organizations, and individuals engaged in various economic activities.

Channel

The mechanism adopted by the government entity in raising the payroll to the system of employee’s financial rights.

Digital Channel

A multichannel approach to provide a seamless, consistent experience using different digital channels throughout service delivery.

Customer-Centric Leadership

A leadership approach that focuses on understanding customer needs and user experience, prioritizing them in all business strategies and decisions within the financial sector

Cash Surrender Value

The amount a policyholder receives if they cancel a life insurance policy before maturity.

Purchase Value

The cost paid to the Supplier for the Asset itself, and other capitalized expenditure on that Asset.

Face Value Voucher

A voucher which is issued with a specific monetary redemption value indicated on the voucher or in related documentation.

Judicial

Matters, processes, or entities related to the legal system, including courts, judges, and legal proceedings.

Labor Force

The total number of individuals who are either employed or actively seeking employment within an economy or specific area.

Entity-Specific Value

The present value of the cash flows an entity expects to arise from the continuing use of an asset and from its disposal at the end of its useful life or expects to incur when settling a liability.

Customer Lifetime Value

The expected value that the company anticipates earning from the customer throughout their relationship.

Asset Residual Value

The estimated amount that an entity would currently obtain from disposal of the asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Reward Value

Bonus value that will be awarded to the bidder for the purchase method.

Value of Awarding Bidding

The amount for which the bid was awarded.

Customs Value

The value of imported goods for the purpose of imposing customs duties according to value.

Value-Added

The value added to a product at each stage of production as a result of the processes carried out on it; that is, the contribution a company makes to the product by transforming raw materials into a final product.

Non-Tariff Restrictions

Measures and actions that the State party may take to control imports for other than regulatory or statistical purposes. These restrictions include in particular quantitative, monetary and administrative restrictions on imports.

Monitoring Efficiency

The adequacy and effectiveness of the internal control tools in the entity. The evaluation of the degree of efficiency is based on the evaluation of the design and implementation of the controls in these entities.

Market Efficiency

The extent to which all available information is accurately and quickly reflected in financial asset prices.

Value of Financial Requests in Riyals

The total value of the financial claims issued on Etimad in riyals.

Competencies

The skills, knowledge, and abilities that individuals or organizations possess to enable them to perform their roles or functions efficiently.

Oil Production Quantity

The actual production of a specific item of the crude oil extracted from a concession area within one month is calculated and measured (million barrel/ day).

Reporting Entity

A Constituent Entity that is required to submit a Country-by-Country Report to the Zakat, Tax and Customs Authority (ZATCA) or any other tax authority on behalf of a Multinational Enterprise Group.

Authorized Persons Regulations

The Capital Market Institutions Regulations issued by the Board of the Capital Market Authority.

Investment Funds Regulations

The Investment Funds Regulations issued by the Board of the Capital Market Authority.

Compliance Committee

The committee that is set up by a Capital Market Institution to monitor the securities business that it carries on.

Vision Realization Program Committee

A committee formed by a high order where the chairman and members of the committee have been chosen. The committee will be responsible for all issues relevant to the program and according to its specific power.

Dashboard

A way of displaying various types of visual data in one place. Usually, a dashboard is intended to convey different, but related information in an easy-to-digest form.

Externality

A cost or benefit that affects third parties who are not directly involved in an economic transaction.

Lessor

Landlord or someone who is legally authorized to rent out a property.

Allocative Efficiency

The distribution of resources in a way that maximizes total societal benefit, where the right amount of goods is produced to meet consumer preferences.

Demerged Entity

The entity that is the subject of a Demerger.

Special Purpose Vehicle (SPV)

A legal entity created by one or more shareholders with no purposes other than undertaking the Public-Private Partnership (PPP) project, and will be the Private Party signatory to the (PPP) contract.

Market Conduct Regulations

The Market Conduct Regulations issued by the Board of the Capital Market Authority.

Credit Rating Agencies Regulations

The Credit Rating Agencies Regulations issued by the Board of the Capital Market Authority.

Encroachment Committees

The committees formed in the Emirate of each region to control and remove encroachment off state properties.

Supervisory Committee

An independent committee formed pursuant to the PSP Governing Rules to oversee and monitor executive management activities and ensure compliance with applicable laws and regulations.

Credit Committee

A group of experts within a credit rating agency responsible for making credit rating decisions. They review and approve or revise ratings based on their analysis.

Industrial Purchasing Managers' Index

An economic measure that measures the condition and performance of the industrial sector.

Services Purchasing Managers' Index (PMI)

An economic measure that measures the performance of the services sector within an economy.

Indicators

Quantifiable metrics or variables used to assess and measure specific aspects of the economy, financial markets, or business performance.

Lagging Indicators

Indicators or factors that follow or reflect past economic or financial trends and are used for evaluating the economy's recent performance.

Data Owner

The person accountable for the quality, use, protection, and classification of data within an organization.

Government Initiatives

Programs or policies launched by a government to drive economic, social, or environmental improvements.

Key Performance Indicator (KPI)

It is a tool used to measure the success of the designated plans and objectives in addition to the percentage of achieving them.

Digital Experience Index

A metric aimed at evaluating the overall quality of the digital experiences provided by the National Center for Government Resource Systems (NCGR) or one of its products, services, or platforms.

Time to Value

A beneficiary success metric that gauges how quickly a customer can see positive outcomes from using your product and validate the value that he got.

Performance Measurement Index

It is a tool that can be used to help align an agency's mission with its operations and to measure the current state and the extent of progress made in achieving its objectives.

Composite Purchasing Managers' Index (C-PMI)

An indicative economic measure used to assess the performance of economic activities in both the industrial and service sectors.

Project Owner

The entity or person who is responsible for the technical aspects of the project and who manages the day-to-day operations with the work team.

Unitholder

A person who owns units in an investment fund or a real estate investment fund, which represents a common share in the net assets of the Fund.

Cargo Manifest

A list of the goods comprising the shipment carried by a means of transport, containing information such as transport document numbers, the shipper and consignee details, package types, and the description and quantities of the goods.

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